One of the key features to obtaining an offshore bank licence under the Dominica Offshore Banking Act is that there must be total transparency in respect of the shareholders and directors of each offshore bank. The applicant cannot therefore be an International Business Company (IBC). Bearer shares are not permitted.
Dominica does not offer different classes of offshore banking licences. Only one type of banking licence is granted and it allows the licensee to engage in all types of offshore banking business. If, however, the licensee also wishes to engage in domestic banking, an additional licence is necessary.
Our expertise in offshore banking allows us to take the international client through all the stages necessary to ensure that your offshore banking license application is successful, allowing you to form an offshore bank in Dominica.
Obtaining a Licence
Retaining a Licence